Hardest Hit Funds For 2nd Liens

[Christopher Winkler]

Not sure if this is the right forum, so I can always try elsewhere. I know the renewed Hardest Hit Funds works for 1st liens, does anyone know, or have tried, to see if it will work on Junior liens?

Thanks

[Scott Carson]

Thanks @Dennis Weber

We did a webinar with Craig Everett from CAIRN Advisors which helps note investors with both the HHF and FHA NPL Refinance programs. Here is the chart that Craig sent regarding 1st and 2nd line HHF amounts and programs. I hope this helps.

On a personal note, if you are chasing 2nd liens, you are really chasing after a "shrinking pool" of assets.  With the number of new 2nd liens being created being substantially less then before, along with the sourcing being controlled by just a few parties, many people are chasing after over priced "crumbs."  I get so many calls for 2nd liens in our offices.  2nd liens are way over priced currently!

If you are complaining about 1st's being overpriced, then you have to focus on different markets and or different sources.